मराठी

What is Meant by Depreciation of Domestic Currency?

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प्रश्न

What is meant by the depreciation of domestic currency?

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उत्तर

Depreciation of domestic currency refers to decrease in the value of a domestic currency in terms of foreign currency. For example, if the price of $1 increases from Rs 55 to Rs 59. It means to fall in the price of the domestic currency.

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2016-2017 (March) All India Set 1
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